OTS for Educational Loan

Mangesh (Querist) 13 March 2017 This query is : Resolved
I have taken edu. loan period 2008-12.
My account is under Npa.
So bankers want to do NPA.
So its may right decision or not??
it may cause future problem or not??

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krishna mohan (Expert) 14 March 2017
Educational loan to be repaid back so that bank will be able to disburse loan to the needy. It is a duty of you to repay. Why you could not repay? Yes it will affect your credit score and may result in other bankers refusing loan to you. Any collateral given?

Adv. Yogen Kakade (Expert) 14 March 2017
The education loan does not have a different rule for NPA than other loan accounts.

Rajendra K Goyal (Expert) 15 March 2017
Default in payment / defaulted credit history of any loan effects adversely the CRISIL score which is considered while sanctioning any loan in future by same or any other Bank.

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